Michael Paul from Metro Brokers Realty Oasis talks Real Estate

BrokerIPTV: Today we are talking with Michael Paul from Metro Brokers Realty Oasis and Michael welcome to the show.

Michael Paul: Well thank you very much and glad to be here.

BrokerIPTV: Glad to have you here how long have you been in real estate?

Michael Paul: I have been in real estate in one form or another for more than 30 years.

BrokerIPTV: And good experience so far?

Michael Paul: It's been, it's been both of those, both good and both bad you know I started actually my real estate license I first got that in 1973.

BrokerIPTV: Yeah.

Michael Paul: The 80s were not so hot you know and then real estate got better as we went through the 90s and you know we are in some rough waters again I think.

BrokerIPTV: I aways like talking to people with 30 plus years experience because you guys have pretty much seen it all?

Michael Paul: Well I think we have you know and my early years were in a family partnership sort of situation and I worked in commercial real estate at that time we did for the most part it was commercial property management and so much different really than the selling that we are involved in these days.

BrokerIPTV: Well what areas are you specializing in now?

Michael Paul: Well I have in recent years been farm ranch and horse property specialist my wife and I have had horses for all of our adult lives and I have a good website that appeals for horse people and I get, I get lots of people visiting that website and I always have something to talk about with them. You know if you are a horse person you can call a horse person up and you have something in common with him right away.

BrokerIPTV: I just did my first large ranch deal and I have to say that's an entirely different animal no pun intended from regular residential real estate, can you talk a little bit about that?

Michael Paul: Well it could be and that you know if you are, if you are talking about large ranches, those are, ranchers are a different kind of people you know and these days there aren't very many large properties around to sell any more. I used to do a lot of land there used to be really you know good commissions in land we used to split 8% and 10% you know among the real estate agents, that doesn't exist any more and the larger parcels are for the most part unless you get quite a ways out, the larger parcels are you know fairly well split up by now so.

BrokerIPTV: You are also a part owner in Meridian Title and Escrow, can you talk a little bit about how that experience has been?

Michael Paul: I am, I am a stock holder and that came about through my relationship with Realty Oasis, I moved from Re/Max office in about 2002 over to Realty Oasis and shortly after that was presented the opportunity to become a part owner I guess you would say a stock holder in Meridian Title and that has been a great experience. I like having or being able to have a close relationship with the Title people that I work with. In other transactions you know very often we have or at least in my past history we would have the listing agent would primarily be the person who decided which type of company you would go to. Nowadays if we are the listing agent, we choose the title company, we choose Meridian Title. If we represent the buyer then we also ask that the seller be willing to use our Title Company and very often they will.

BrokerIPTV: And final question quickly just some of the benefits that you have seen being associated with Meridian Title and Escrow?

Michael Paul: Well I think, I think at this point we have excellent personnel these days, the closures are great, they know exactly what they are doing and they have come a long way since the very early days I think that the rates are also a big draw point we have a ten year reissue rate and we have transaction management that is also a part of that, that enables us to turn most of that over to our, to our transaction manager and they pretty much take care of all the details of any transaction that we have that we are working on.

BrokerIPTV: Michael great meeting you.

Michael Paul: Well thank you very much.

BrokerIPTV: Thanks appreciate your time.

Michael Paul: Well absolutely thank you.